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Uncrunch America with Change.org

While most blogs are probably planning their New Year’s Resolutions, I’m taking action. I just voted to support Uncrunch America campaign in Change.org’s Solving the Credit Crisis From the Bottom Up. That’s quite a mouthful (or is it ten-fingersful since I’m typing?). Allow me to explain a bit.
Obtaining credit is getting more [...]

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  • Hey, Brother, Can You Spare A Dime? There are many ways to secure loans these days, but due to the sub-prime mortgage crisis, banks and other financial institutions have been much tighter on their guidelines to lend.  It seems you need an almost perfect credit score these days to get a low interest rate.  Now that this......
  • P2P Lending In The News A couple of peer-to-peer (p2p) lending articles came out in major publications over the weekend...  Enjoy... The ChicagoTribue: Peer-to-peer lending helpful, but know rules Sometimes you have to take matters into your own hands. At least that's the mind-set of individuals who lend and borrow money from each other online,......

Continue reading → Uncrunch America with Change.org

Roundup - The President Edition

Credit Karma welcomes our new president. This years election brought out a lot of voters to the polls. Congratulations on winning the election President-Elect Obama, we hope your next four years in office exceed your expectations.
While voting was going on so was a lot of news on the economy and credit. Below are several links [...]

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  • New Loan Funded — Financial Freedom / Credit Card Consolidation — $25,000 at 11.44% — AA Credit — DTI 37% A new loan funded (Financial Freedom / Credit Card Consolidation – $25,000 at 11.44%).  I participated via my standing order RL Overlooked.  The borrower had AA credit, a 37% DTI.  As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7......
  • New Loan Funded #6028 -- $2900 in 46 loans A new loan funded this afternoon (Business Consolidation Loan (Loan #6028)  — $25,000 10.38%).  I participated via my standing order: Low DTI — NAF.  Which is this loan was funded as low debt to income ratio and was a non auto-funding loan.  The borrow had AA credit and this is within 3 basis points......

Continue reading → Roundup - The President Edition

How to use the ‘wisdom of the crowds’ on Prosper

In The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations, James Surowiecki argues that groups make decisions that are often better than could have been made by any single…

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  • Financial Web Advertisment on RateLadder I would like to thank Financial Web for their advertisement and sponsorship of Rate Ladder, P2P No Bank, and Pro Prosper. FinWeb.com is an independent financial portal which values information and education... Educating yourself concerning pertinent financial topics is the key to making quality financial decisions. The decisions that you make......
  • Lending Club on ABC News Lending Club was featured on the ABC Nightly News...  P2P Lending is certainly starting to raise it's profile... Social Lending Networks, New Alternative to Banks I enjoyed this portion of the article...  There is a video if you follow the link above. Lending Club actually started as a Facebook application,......

Continue reading → How to use the ‘wisdom of the crowds’ on Prosper

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